Drilling & production

Annual growth in absolute emissions was less than 1% for third consecutive year.

The project is slated to begin in 4Q24, where Weatherford is expected to deploy multiple intervention solutions, advancing the operational efficiency and reliability of ADNOC’s onshore assets.

Petrofac has been awarded a multi-million-dollar, two-year contract by Bapco Upstream W.L.L. to further enhance its production in Bahrain.

Gran Tierra has announced its sixth consecutive Ecuador oil discovery from the Charapa-B7 well and that it has achieved cumulative production of over 1 million bbls of oil in Ecuador.

The partnership aims to enhance drilling efficiency in the oil and gas industry through the application of AI-driven Bottom Hole Assembly (BHA) optimisation, specifically focusing on roller reamer placement.

The agreement has been signed to acquire 95% equity stake in Deep Well Services for US$223 million, in support of Enersol’s growth plans.

Eni has announced that it has achieved the closing for the sale to Hilcorp of 100% of the Nikaitchuq and Oooguruk assets owned in Alaska for a value of US$1 billion.

Touchstone Exploration Inc. has announced initial production from the Cascadura C well pad.

Mineral Resources has reached an agreement with Hancock Prospecting on gas and oil assets in the onshore Perth and Carnarvon basins.

According to the EIA, natural gas comprised 40% of total production from the Bakken, the Eagle Ford, and the Permian compared with 29% in 2014.

Company targeting numerous strategic hires and partnerships to build on and accelerate existing low-carbon activities.

Linde Engineering has signed an agreement with NEXTCHEM to provide carbon capture technology to Abu Dhabi National Oil Company’s (ADNOC) Hail and Ghasha project.

Panoro Energy ASA has announced that following the provisional award of a 25% participating interest in exploration blocks Niosi Marin (previously G12-13) and Guduma Marin (previously H12-13) offshore shallow water Gabon, final terms have been agreed with the Government of Gabon and the Company has signed Production Sharing Contracts covering the two blocks

Also known as Mero-3, the FPSO has an operational capacity of 180 000 bpd of oil.

TotalEnergies has announced first oil from the third development phase of the Mero field on the Libra block, located 180 km off the coast of Rio de Janeiro, Brazil, in the pre-salt area of the Santos Basin.